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Revision as of 13:54, 2 December 2018

How to Plan Buying a House

Introduction

For most people, buying a first house is a milestone event in life and represents a major financial decision. In this project, we analyze the mathematics of three factors involved in buying a home: salaries, investments, and mortgages.

As an example of our theory, we provide the scenario of a recent computer science graduate living and working in Denver, Colorado, who is planning to buy a house in 5 years.


Year 2019 2020 2021 2022 2023
Salary 97,477.48 99,398,08 101,318,67 103,239,27 105,159.87
AnnualAndMedianWageGrowth.PNG
AnnualAndMedianWageGrowth.PNG

Conclusion

References

  1. Avg salary of junior software engineer in Denver
  2. Paycheck calculator
  3. Average Down Payment information
  4. Ideal income percentage to be spending on housing
  5. Private Mortgage Insurance Info
  6. Down Payment affecting monthly payments info
  7. 7

Alumni Liaison

Ph.D. on Applied Mathematics in Aug 2007. Involved on applications of image super-resolution to electron microscopy

Francisco Blanco-Silva